THE PACK FOUNDATION
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
RegIStor￿ Cl￿1￿ Mmbar: 1118301

THE PACK FOUNDATION
CONTENTS
Page
Legal and administrative Info￿at10n
Trustees, Report
24
Independent examlnefs report
statsment of financial activitie5
Batance sheet
Nole5 to the financlal stalemenls
8-12

THE PACK FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Gerald N Pad(
Carol A Pack
Elisabeth Hirfemann
Matlhew Pack
Simon P8ck
Jeremy Pack
Hannah Aylett
Key Management Personnel
Twstees as abDve, and Simon Whilehouse
Principal address
37 St Margarevs Street
Canterbury
Kenl
CT12TU
Independent examlner
Samantha Rouse FCCA DChA
Kr@ston R&8vas LLP
Chartered Accountants
37 St MargareV5 Street
Canterbury
Kent
CT12TU
Bankers and Inv￿tfflent Managers
Coutts & Co
440 Strdnd
London
WC2R OQS
Page 1

THE PACK FOUNDATION
TRUSTEES. REPORT
YEAR ENDED 31 MARCH 2025
The Twslees present their ￿nual report and financial staÈmentsforlhe year ended 31 hnarth 2025.
The Trustees have adopted the provk5ions of the Statement of RecJ)mmended Practs￿ (SORP) "Accounting and
Reportlng ty Charities" (FRS 102) in preparin9 Ihe annual Teport and finanual statements of the charity.
The financial statements have pApar&d in accordance with the acoJuntin9 poIic4es set out In the notes to thE
accounts and cornp￿ with the chari￿s govemirvJ documen( the Chaiibes Acl 2011 and Accounttng and Reporting by
Charities: Statemenl of Recommended Pracbc* applicable to charilies preparing their accounts in accordance wlth the
Financial Reporting Slandard 4JplrA)le In the UK Republic of Ireland {FRS1 ￿2) (effective January 2019).
Objectives and activities
Under the Oeclaration of Trustthe stated objeclive of Ihe Charty Is to:
-hold the Trust Fund and tts incom8 upon trust for such purposes which èxdusivew charttsblè under the laws of
England and Wales as Iha Trusiees may decide from time to tkne".
PubliG benefit statement
The Tw5tees confiTh that they have referred lo the gU[dan￿ contain8d in the Charity Commission¥ general guldance on
public b8nefitwhen reviewing Ihe Trusfs aims arld objectiv&% and in planning futurè acbvitses.
Achlevements and pertornianc& In th&
The maln activities of the charity fall into three •0
Obtaining or raising charitab18 donations
Maximising long temi Investment Telums from funds of Ihe chaiity to enable funding for future grants or donations lo
Identifying. evaluating and detemilnlng ts le¥els of grants or donations appropria8. rf any. to 10131. national and
Inlemational charilable causes.
The strategies adppted formeeting the Charity5 Stated oliectrm are to:
a) Seek charitable donations to fund Ihe charity-
b) Mthmlse long lern income from e￿sting fund5 through frequent ￿VIeW alongside acbve and ￿gUlar
communlcatson with the appointed investment manasEr.
c) Actively seek charitable causes.
Historic charilable donations in eX￿sS of £1m have been secured prevtously whlch provide funds for th8 charfty from
which lo make future grants or donations and generate a loThJ te￿ investment ￿COrne stream.
Surplus funds have been invested in a ￿pu￿ble. acbvely managed invesbnent fund Specif￿allY tailored lo Ihe
uirements of the tharity ¥ethr. Whi15t inve5trnent perfo￿an￿ has P￿Ved volatile at bmes, the Tiustees wnlinue to
be of the view that Such an investment 5tsalegy 15 app￿prIate to fulfil the requir￿￿ts of Ihe charity regarding a
optimum long term income stream.
Tolal Income during the year vras £65,832 (2024." £41.615). Eypeft(fI￿re totalled £112.890 (2￿24. £112.533). This
sulted in net expendI1w￿ before gains on Invesknents of £47.058 {2024:net expendiiure £70.918).
Charitable contributions
During the period charilable gran15 and donations of £101.427 (2024: £101.9791 were made. The Trustees continuè to
aC￿VelY investigate charitable cau5e5 wlh Ihe aim of making furiher grants in the comlng year.
Page 2

THE PACK FOUNDATION
TRUSTEES. REPORT (CONTINUED)
YEAR ENDED 31 MARCH 2025
Reserves pollcy
The Trustee5 tnainlain reseNes al a level they d88m suffic(gnt to meet the maximum anticipated funds réquired for gffting
in the following fv￿-1hree monlhs.
Therefo￿. as immediatety Subsequent to fhe period ends Trustee meetings were anticipaled whlch were expected to
result in significant distribuliD115, addibonal lunds were held al lh8 period end.
Therefore. at 31 March 202& unre5tsicted re5erve5 amounted to £62,140 (2024: £68.18n. which were higher than would
be othepuise usually be maintained durin9 most af the pertod5.
Deslgnated fund5 at 31 March 2025 amounted to £1,829.990 (2024: £1.850.512) and these comprise th8 charivs f￿ed
asset investments.
Investment policy
All of the charity's investrnents are managed by Coults & Co. who have Comple￿ authority to Invest the charivs funds In
institutions whlch sults the charivs requlrement for Optimurn long temi retums on funds Invested alongslde ?55essing the
risk strategy loinlly the trustees. The Trustees are presenly sattsfied Ihe charity Is ￿CeIVIng a ￿liable and economic
seN1￿.
Inv8Stmgnt pBrforniance
Th8 inl8ntion is lo distribute funds over an extended peAod meaning the adopted investsnent strategy can be more
aggressive. In the longer term this Is antlcipated to generate increased retum5, however in the short run Ihis can often
result in greater volablity. Thls has been Ihe case at the end of March 2025. where a high exposure to equity matke15 ha5
Impacted portfolio perfomance. especially in the final quarter of the year.
Th8 cumulative inveslment retums on funds held in the Coutts & Co Inv&stment portfolio durfng Iha current year was 4.6%
(2024.. 16.9%) whlch compared ￿11 with benchmarks of overall porifolio retums with a similar risk mandate. Th8
umulative rebjms of the first three quarters was 10%. so the Impacl ot market volatility In the final quarter is material to
Jmulative rebjrns. However. as noted above. the Trustee a￿ of the view that such short temi volallty is a price worth
paying for longer terni In￿ased retums and maintain sufficient non-invested fijnds lo minimise the impacl of such
volatillty-
Grant maklng pollcy
The Trnslees consider a broad range of local. national and intemational charitable causes and con5iderwhich the charity
Is besl placed to as51Stwith funding.
Pay pollcy for key management personnel
Thg trustees consider themselves and Simon Whitehouse, who is an external consultant, as the key management
personnel of the charity In charge of directing and controlling, runnlng and operating the tharity on a day to day basls. All
tru5tee5 give of their time f￿elY and no trustee received ￿MUneratiOn in the year.
Risk assessment
The trustees have conside￿￿ the rfsks relevanl lo the charity and are of Ihe oplnlon that currently they are low and
procedu￿5 are in place to identify and control these and new rfsks as they arfse.
Charfty's plans forthe future
The Trustees consider the plans of the charity to be-
- Maxlmls8 the long t8mi retums of the Investments of Ihe charity and seek further incoming donation5
- Identify and evaluate local, nalional and intemational charitsble causes
- utilise charity funds to further those ￿USeS identified
structure
The charity. which Is Tegislered with the Charity Commisslon under number 1118301, is established under a Declaration of
Trust dated 9 February 2007.
New trustees are appointed by the existing trust8e& Th& Trust D@@d provlcles for a minimum of 3 trustees.
Page 3

THE PACK FOUNDATION
TRUSTEES. REPORT (GONTINUEDI
YEAR ENDED 31 MARCH 2025
ststetnent of TrusteEs' rpsponslbilities
The Trustees are respon8ll)le for preparing the Trustees. Teport and the financlal statements In ac￿rdanC8 with
applicable law and Unlted Klngdom Accountlng Standards (Unlted Klngdom Generally Acceptad Accounting Practlce).
The law applicable to charittes In England and Walès r8quires th@ trustees to prepare financial statements for each
financial year which give a true and falr vlew of the charitsls flnandal activitiès during thè yèar and of its financial posltion
t the end of the year. In preparing those financial slalements giving a Irua and fair view, Ihe t￿￿teeS should lollow besl
practice and:
select suitable accounbng policies and then apply Ihem con8iStenUy,'
obseNe the methods and principles ofthe Charities SORP:
make ludgèmènts and 8sttmat8s thal arè reasonabla and prudent.
tste whether applicable accounting standards and statements of recommended practice have been lollowed,
subject to any departures disclosed and explained in the financial statements., and
prepare the financial statements on Ihe going concern basls unless it ts Inapproprfate to presume thatth& chgritywill
continue in existence.
The trustee8 are responsible for keeplng proper accounting records whlch dtsclose wilh reasonable accuracy al ary lim8
the financlal posltion of th8 charity and which enable them to ensure that the financial statèmènts comply with the
Chariti8s Act 2011. the Charity (Accounts and Reporis) Regulations 2008 and the provlslons of the INst deed. The
trusteas aré responsible for safeguarding the assets of the charfty and hen￿ to taklng reasonabte steps for the
prevention and delectron of fraLKI and other Irregulariues.
By ordgrofth
Carol Pack
Trustee
Date..
Bl- lo- ZOZ
Page 4

THE PACK FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PACK FOUNDATION
YEAR ENDED 31 MARCH 2025
I repori to the trustees on my exarnlnaticsn of th8 ac(xJunts of th8 chaiityforthè yéar ènded 31 Marth 2025.
Responslbllltles and basls of report
s the charity's Irustaas you are rèsponsible for the preparation of the accounts in accordance v•ith the requlrements ol
the Charities Act 2011 ('the 2011 Acr).
I report in respeGI of my examination ofthe chaiivs accounts carried out under section 145 of the Act and in carrying out
my examination I have followed all the applic8bl8 Directions given by th8 Charity Commission under section 14515)(bl of
the Act.
Independent exarninets statemBnt
I have completed my examination. I confI￿n that no material matters have come lo my attention in connection with the
examination givirvj me cause to believe that in any material respect
1. accounting records were not kepl in respect of the charity os requited by section 130 of the 2011 Acl", or
2. the accounls do not accord with Ihos8 records: or
3. the accounts do not comply with the applicable requiremenls con￿MIng the farm and conlent of
accounts sel out In the Charfbes (Accounts and ReporLs) Regulalions 2008 other than any requirement
Ihal the accounts give a 'true and fair view whith is not a matter consldered as part of an Independent
aX8mlnallon.
I have no concerns and have come across no other matrers In connectton with th8 examination to whlch attèntron should
be drawn in this report in order to enable a proper understandlng of the accounts to bè reached.
This report is made solely to the Charity's Ttustees, as a body. In accordanc8 with Part4 of th8 Charittès (Accounts and
Reports) Regulatlons 2008. My work has been undertaken so that I might slatè io the Charitys Trustees those matters I
am required to stale to them In an Independent examlnefs report and for no olher purpose. To the fullest extent pemiitted
by law. I do not 2￿p1 or assume responslbllityto anyone olher Ihan the Charity and the Charitys Trustees as a body. for
my wotk or this repoTL
Samantha Rouse FCCA DChA
Kreston Reeves LLP
Chartered Accountants
Canterbury
Date: 1 November 2025
Page 5

THE PACK FOUNDATION
STATEMENT OF FINANCIAL AGllVITIES
YEAR ENDED 31 MARCH 2025
Unrestricted fvnds
2024
Income from:
Investrnent income
Donations re￿iVed
Olher income
GiftAld
46.676
19,156
41.343
250
22
Totsi Income
65,832
41.615
Expendlture on:
C05t of raisirwJ funds
Investment marragementfees
Charitable expenditure
Other expenditure
8.945
101,4zr
2.518
8,418
101.979
2,136.
Total expenditure
112,890
112,533
Net income before gains on investments
{47.058)
170,918)
Realtsed and unrealised galns on Imfesknents
Exchange rdte movements on cash h81d as inveslment
20,851
204,576
113
Net movement In funds
(26.569)
133,771
Reconciliation of funds-
Fund balart￿S at 1 April 2024
1.918,699
1.784.928
Fund balances at 31 March 2025
1,892,130
1,918.699
All Inc￿Me and expenditur8 derive from continuing actsvifjes.
The statement of financial aclivities inc]udes a]1 gains and bsses recognksed In the y.
Th8 notes on pages 8 to 12 lo￿ wtof these )Inanoal statements.
Page 6

THE PACK FOUNDATION
BALANCE SHEET
AS A T 31 MARCH 2025
2025
2024
Notes
Flxed assets
Invesfments
1.829.990
1.850,512
Current assets
Deblors
Cash at bank
64.962
70.727
70.727
Credilors.. amount5 falling due within one year
12.8221
(2,540)
Net currentassets
62.140
e8.187
Total assets less current liabililies
1.892.130
1.918,699
Funds
Unrestricted funds
Deslgnated funds
62.140
1.829.990
1.892.130
68,187
1.850.512
1.918.699
10
Approved and authorised for issu? by the Trnstees on
Carol
TTu5
Page 7

THE PACK FOUNDATION
NOTES TO THE FINANCIAL STATEMEPITS
YEAR ENDED 31 MARCH 2025
Accounting policies
1.1 General Informatton and basls of preparatton
The Pack Foundation 15 a registered charity with Ihe Chaiity Commission in the United Kingdom. The address of
the regislered office ts given in the thaiity infotmation on page 1 of these financial stalemenls. The nature of th&
charitys operations and prinLipal aclbvilie¥ to.hold the Trust Fund and its income upon trust for suth purposes
which are exctusively charitable urKkr the lay￿ of England aTrJ Wales as the Trustees may decide from tlme to
time".
The oharity ￿TvJtitute5 a public benefit entity as defined by FRS 102. Tr financial statements have bè@n prepared
in accordan￿ with the Ststement of Recommended Practi￿. Ac￿unting and Reporbng by Charitiès preparing
their accounts in accordanc£ wilh the Financial Repoiting stsnda￿ appli(2ble in the UK and Republic of Ireland
(FRS 102 - Effective 1 January 2019). thè Finartial Reporting Slandard applicable in the UK and Republic of
Ireland (FRS 102). th8 Charities Ac12011.
The financial siatements ¥e prepared on a wing corKem basis under the hi5fr)rical c05t convention. modified to
include ￿rtain items at fair valu& The financial sia1eff￿ts are pTr￿red in sterting Ythith is Ihe functronal currency
of the chaiity and rounded to the Dea￿st£
The SIgn￿¢ant accountirvj policies applied in the preparalion of these ffinancial statements a￿1 set out below.
These PDlicies have been consisknuy applied to all unless 01he￿Ise stated.
1.2 Funds accounting
Unreslricted general funds are fun(ts vthich be used in a[￿0rdan￿ wth the charitabl8 objects at Ihe discretlon
of Ihe Trustees.
Designated funds rewesent funds rwested in assets which are held to eam returns to enable the charfty to
achieve its charitable aims.
1.3 Income ￿CognItion
l incoming resources are irKluded in th8 Statement of Financial Actiwlies (SOFA) when Ihe charity Is tegally
ents"￿ed to the income afterany perfoThnance cx)nditions ha¥e been me( the amount be measured reliably and It
is probable that the income y￿11 be receNed.
- Incoma from invesiments and deposits is taken to re￿nue In the perfod In the Income is received.
- Donations and gfft ald are accounted for on a Tr￿1vable basis.
- Income tax ￿coveratIe in relation to don*iDns Teceived under GiftAid 15 reocognised at1he lime of
donation.
1.4 Fynancial instwments accounting policy
The charity has financial assets and finan¢ial fiabililie5 1hat qualify a5 ba5iG financial instruments. Basic finanGial
instruments are initially recc¢Jnised at transaction value and 5ubsequenlly mvdSured at their settlement value.
Investments in non-COnv￿ weference shares and in non-puttable ordinary and preferences shares are
measured:
- At fair value with changes recognised in the slaternent of ffinancial activities and are publicly trade or Iheirfair
value can otherwise be m@asLwed rèllably.
Page 8

THE PACK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
YEAR ENDED 31 MARCH 2025
Exppnditurg rBcognition
All expenditure is accounted foron an accruals basis and has been classified under headings that aggwaté all
costs related lo the category. Expendllure 18 recognlsed where there Is a legal or constructlve obligatlon t
make payments to Ihird parties. it is pmbable thal settlement will be required and the amount of the
obligation can b8 measured reliably. It is categorised under the followlng headlngs:
- Charitable expenditure comprises those costs incurted by the charity in Ihe delivery of ils activities
and servtces for its beneficiaries. It indudes both costs ellocaled directly to such acbvilies and
Ihose costs of an indirect nalure necessary to support Ihem.
Expenditure on raising funds Includes all expendlture InCUr￿d by a charity to ralse funds for its
charitable purposes.
Other axpendilure includes all expenditure that is neilher related to raising funds forthe charity nor
part of its charitable activittes.
Investments
Inv8Stments (including cash orother highly liquid andlor short tern investments within the portfollo) are Included
at market value at the year end. Gains and losses on the revaluation and dlspDsal of inveslments are reflected
In th& Statèmént of Financial Activitiès.
Grants
The charity has or may make charil8ble donations or grants in Ihe fomi of specific donations to local, nalion81 or
intemational charitsble causes. Grants payable are charged in the year when the offer is conveyed to the
recipient except in those case5 where the offer IS conditional. such gran15 being ￿cOgnISed as expenditure
when the condition5 attaching are fulfilled. Grants offered subjeci to condrtions which have not been met at the
year end are noted as a coThmilmenL but not accrued as expenditurg.
Debtor5 and creditors receivable I payable Wbthin one year
Debtors and creditQTS wilh no stated interest rate and re￿1vable or payable within one year are recorded at
nsaction pri￿. Any losses artsing from impairment 8re recognised in expenditure.
Tax
Th8 charity is an exempt charitywithin the meaning of schedule 3 01 the Chatilies Act2011 and is considered to
pa&8 the tests set out in Par2graph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a
charitsble company for UK wrporation tsx purposes.
1.10
Going concern
The financial statements have been prepared on a going con￿rn basls as the Trustees believes that no
malerial un￿rtaInlieS exist The Trustees has considered the level of funds held and the expecled level of
income and expenditure for 12 month5 from autharising these financial statements. The budgeted Income and
expenditure is sufficient with the level of reseTve5 for the charity to be able lo continue as a going ￿rteem.
1.11
Judgements and kny sources of èstTmatlon uncertalnty
Accounting estimates and judgements are continualty evaluatsd and are based on historical expeTt8nce and
other factors. including expectstions of future events that are believed to be reasonable under the
circumstance5. There are no area5 Qfjudgements or esb'mation uncertainty.
1.12
Cash at bank and In hand
Balances held in current account ordeposlt accourrts Immediately availabl8 to the Trustees are shown as cash.
Cash or other highly liquld andlor short lerm investments hdd within thè Investment portfolio managed by
Investsnent Managers are not deemed as cash. ?5 only held for the purpose of optimislng outcom&8 from the
investrnent portfolio- see also note 1.8
Pag8 9

THE PACK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - COKllNUED
YEAR ENDED 31 MARCH 2025
Dlrecl charitable expenditure
2025
2024
General grants:
DémÉ]za
Porchlight
Kent Community FoUnd8￿n
World Land Trust
Prosiate Cancer
Young Lives Foundallon
Evie Dove Foundatton
The Sports Trust
The Good Giief Pmiect
Fareshare Ashford
Canterbury Foodbank
British Royal Legion
UNHCR
Chamber Orchestrd
11.253
11.000
10.350
10.000
6.000
6.000
5.700
5.000
5.000
5,000
5.000
5.000
7,500
5.000
2,000
20,OOD
10,000
10,000
5.000
5.000
1.CQO
20,000
5.500
Other sundry grants b8low£S.000
16,124
101,427
10.979
101.979
otherexpenditure
2024
Accountsnts remuneration
Professional fees
1,614
904
2,518
1.518
618
2,136
Included within 'Ar￿Untants temuneratlon. are Inthpendent E¥aminers fee5 of£1.614 (2024 £1.518).
Trust￿5. remunerdtlon
Th8 Trustees recelved no remuneration orTelmbursement during fhe ye¥ (2024", None).
The Trusiee5 consider that thernselves and SNnon WhitehDuse cornpr￿e the Key Management Personnel of Ihe
charity in charge of dire(Xng and controlling. running and operating the charity on a day to day basis. All Trustees
give of their time freely and rn Trustéè r￿1%￿d reMu￿rail0n in the year. Simon INhitehou5e is an exlemal
consultant
As noted above no Trusl£es T￿ellEd any ￿unera110n during the year P024: £nlll and amounts due to Key
Management Personnel in the JEar amounted to £904 (2024: £6181.
2025
2024
Quoted Inveslments comprise:
Bank and cash deposils
Coutts Bank Charity Porwollo (note 52)
41.425
1.788.565
1.829.990
79,379
1.771.133
1,850.512
&2
Quoted investments
2025
2024
At 1 April 2¢324
Aditsons
Dlsposals
Net realised and unrealised invesbnent (kwes) Igan5
At 31 March 2025
1,771.133
1.729,954
1.299.903
1.204.816
(1.303.322) (1,368,213)
20.851
204.576
1.788.￿
1,771,133
Page 10

THE PACK FOUNDATION
NOTES TO THE FINANCIAL STATEf41ENTS - CONTINUED
YEAR ENDED 31 MARCH 2025
Flxed assots Invostrnerts
2025
2024
&3
Cast at 31 March
1.n5.393 1,S99.889
Holdings in inve5trnents at 31 March. whith arn malerial In vslu? are:
Coutts North Arnerka ESG Insights Equity Fund SharE5 & GBP
CoutL8Actively Managed US Equlty Fund G8P£
Coutts US ESG InstrJhts Equity Fund C GBP
Coutts US and Canada Enhanced Index Govi Bond ￿nd C GBP Dlst
Coutts US ESG Inslghts Equity Fund (he4Jged)
JP Morgan ICVC Class S Global Focus Furld
Amundl Funds SICAV Shares -J14- l Europo ex UK Equity Dlslribulion
Couts Europe Enhanc*d Index Government Bond Fund C G8P Dlst
Capital Intematlonal Fund SICAV Shares i Group New Perspecti￿ Fi
HSBC Index Trather Invastsnent Fund S Japan Index Fund GBP
Coutts Global Credit ESG Insights BorK1 Fund Sharns -c- GBP
Coutts aebvely maftaged global Investrnenl grade c￿dI1 fund C GBP
Palar Capital SX2 GBP Emerglng Markel SlaTr Fund
Artemls UK SelECt Fund GBP
Robeco Capital growth- Emerging Stars K3ED
Coutts Eur¢we ex UK Equlty Index Fund GBP£
Coutts UK ESG Inslghts Equlty Fund
Coutls Eurcpe Actl¥ely Managed UK Equlty Index Fund
UBAM SICAV Glob81 High Yield Solubon Shares
Capital Intemational Fund Nthv Petspectivè Fund
HSBC EfFs PIC Shares USD I HSBC MSCI WORLD ucrrs ETF
Invesco Physlcal Markets PIC Strucwred Instrum8nt Gold
313.679
220,828
169,501
149.172
10B,102
107.251
98.918
82,848
73.053
72.054
84.047
59,018
46,070
43.011
40.080
33.005
243,376
259.977
30.385
66,517
45,254
17,813
51.501
19.116
108,401
351.441
123.462
88,714
74,785
48.302
45,130
Deblorn
2025
2024
GIftAld
Cash at bank
2025
2024
Bank and money market deposits
64.962
Credliors: amounts faI￿n9 due ¥•illun or¢ year
2025
2024
A¢crual$ and delerrnd Incorne
2,822
Flnanclal Instruments
2025
2024
Flnanci81 assets rn8a¥urgd at falrval
1.788.565 1.771.133
Finandal assets measured at falrvalu8 comprfse Inveskn￿.
Page11

THE PACK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
YEAR ENDED 31 MARCH 2025
10
Unrestricted funds
Unrestricled funds- currentyear
Trdnsfor
Unrnallsed betwee
Asat31
gains
lunds March 2025
As at 1 Aprll
2024 Income Eyndllure
Unréslrlcted
- GÉneral fund
68,187
20.184
{103.945)
7T.714
62,140
Designated fund
- F￿d asset invesknent
1.850.512
1.918.699
45.648
8.9451
112.890
20.489
20.489
.714
1,829.990
1.892.130
Unrestrfcted funds- prior year
Transfer
Unreallsed betrNeen
Asat31
losses
funds March 2024
As at 1 ApTiI
2023 Income Expenditure
Unrestrlctad
- General fvnd
YJ.725
836
(104.115)
147,741
68.187
Designated lund
- Fixed asset inveslment
1.761.203
1.784.928
40.TT9
41.615
8.418)
112.533
204.669 (147.741
204.689
1.850,512
1918,699
Tran5fgr beiween funds
The transferbefyyeen the designatejj generay funds represents the Irarthr of1he movements on the fixed
asset fund5 for the year.
PuTpose of designated fund
The fr%ed asset investm8nts fund is held lo earn relums to en*Jle the thaiity to achieve ils cheritable aims.
Related party transaclions
During the year C Pack. a twstee. donated £15,275 in cash (2024: no donationswere re￿1ved from trustees),
shown as donations received in the Slalement of Fnancial Actsvibes. No donatTon5 were re￿1Ved subsequent to
the period end.
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